Tax Benefits Increase for MLTF Givers

Bigger Benefits Help Lafferty Donors
Posted on 07/28/2021
Enjoy bigger tax benefits and help students with a gift to the Monsignor Lafferty Tuition Foundation (MLTF) now thru Dec. 31, 2021.

The 75% tax credit is the biggest yet in Iowa for non-public schools.

This is an opportunity for grandparents, parents, alumni and all who pay Iowa taxes and support a Catholic education for young people.

Both individuals and businesses that pay Iowa taxes will receive a whopping 75% Iowa tax credit for their donation to the Lafferty Foundation and may enjoy a federal deduction. 

What does a 75% tax credit mean? It means you can give a $1,000 to MLTF, but see just $150 to $200 comes out of pocket. No other annual donation can give you this kind of tax benefit power.

Gifts to the Lafferty Tuition Foundation, a charitable 501(c)(3) student tuition organization, are handled by the Diocese of Sioux City. Donors simply designate the school system they want to support on the MLTF Gift Form. In January they receive a tax credit certificate to file with their taxes.

Donors and schools can thank Iowa lawmakers for increasing the school tax credits. State legislators have approved the credit for nearly 20 years in recognition of the value of non-public education in Iowa. donor 

To obtain a gift form click HERE. Gifts given by Dec. 1 will ensure BHCS enjoys more support. For more info contact Ph. 712-226-0414 or janet.flanagan@bishopheelan.org.
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